Share via

The oil and gas industry in the North Sea will create between 40,000 and
50,000 new jobs this year as a result of a surge in investment in production.

The prediction, from a headhunting company specialising in the sector, comes
after a week of mounting job losses elsewhere in the economy, with 800 posts
going at the Honda carmaking plant in Swindon and up to 2,000 at Jessops,
the high street camera chain.

Oil and gas in the North Sea is the biggest industrial investor in Britain and
there has been a surge of cash flowing in as the industry